What is the rental yield in Palace Residences?

Palace Residences returns 5.07% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 186 rental contracts registered in the last 24 months.

How much does a 2 bedroom in Palace Residences cost?

The median registered sale price is AED 3.30M (2,881 AED/sqft), from 60 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in Palace Residences selling for right now?

Registered sales of ready units in Palace Residences over the last 12 months have a median of 3,031 AED/sqft, across 18 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in Palace Residences risen or fallen?

Median price per square foot moved +6.7% over the last 12 months against the 12 before it, on 60 registered sales. On a sample this size, read the direction rather than the exact figure.

How does Palace Residences compare with Dubai Creek Harbour?

Its 5.07% gross yield sits -0.4 pts against the Dubai Creek Harbour median of 5.46%, computed at the same bedroom grain over the same 24-month window.

Palace Residences — sale prices & yield | Dubai Creek Harbour, Dubai

Buy: 3.30MAED; AED 3,031/sqft
Long-let: 5.07%; AED 170,000/yr
Short-let: 6.40%; AED 934/night · 0.81/sqft

Price per sqft: Median of 18 registered sales of ready units in the last 12 months, most recent August 2026.

Priced off the last 5 sales — most recent August 2026.

Yield spread: -0.4 pts; vs the Dubai Creek Harbour median for this unit type
Turnover upside: +6.3%; new tenants pay more than sitting ones — 110 renewals
AED/yr/sqft: AED 153
Sales: 60
Rental contracts: 186
Renewal rent: AED 160,000/yr

12 months: +6.7%
3 years: +50.7%+14.6%/yr
5 years: +81.8%+12.7%/yr

Based on 60 sales and 186 rental contracts in the last 24 months. Rental data covers the whole Palace Residences - Dubai Creek Harbour project, not this tower alone.

Palace Residences is an apartment building in Dubai Creek Harbour, Dubai, one of the towers in the Palace Residences - Dubai Creek Harbour development. The closest metro station is Creek Metro Station, the nearest mall City Centre Mirdif and the nearest landmark Dubai International Airport. Land Department records for it run from 2019 to 2026, 2,056 registered sales in all — the 60 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in Palace Residences, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
1 bed	AED 2.02M	2891	5.12% -0.7 pts	+9.7%	43
2 bed	AED 3.30M	2881	5.07% -0.4 pts	+6.7%	60
3 bed	AED 4.70M	2612	5.61% -0.1 pts	+7.6%	19

Deltas compare each yield with the Dubai Creek Harbour median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around Palace Residences

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
1 bed	798	1.14	AED 185,150	AED 110,000	1.7×	9.14%	9+
2 bed	934	0.81	AED 211,119	AED 170,000	1.2×	6.40%	7+
3 bed500m	982	0.55	AED 212,120	AED 275,000	0.8×	4.51%	9+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because Palace Residences itself had too few listings of that type to measure.

Off-plan vs resale

Units sold off-plan in Palace Residences between 2019 and 2023 went for a median of AED 1,657/sqft (AED 1.60M). The same building resells today at AED 2,828/sqft (AED 3.06M) — an uplift of +91.1%.

Based on 722 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

41 resales in the last 12 months, against 137 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
7 Aug 2026	2 bed	1,187	AED 3,350,000	2,822
20 Jul 2026	3 bed	1,799	AED 4,700,000	2,612
5 Jun 2026	2 bed	1,095	AED 3,000,000	2,739

3 resales in the last 3 months.

Rental contracts

The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors: 49
Lifts: 7
Parking bays: 685
Swimming pools: 1

Nearby

Metro: Creek Metro Station
Mall: City Centre Mirdif
Landmark: Dubai International Airport

Compare with nearby buildings

The most-traded buildings in Dubai Creek Harbour, on the same figures over the same window.

Highest rental yields in Dubai Creek Harbour · Palace Residences places 66th of 86

Common questions

What is the rental yield in Palace Residences?: Palace Residences returns 5.07% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 186 rental contracts registered in the last 24 months.
How much does a 2 bedroom in Palace Residences cost?: The median registered sale price is AED 3.30M (2,881 AED/sqft), from 60 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Palace Residences selling for right now?: Registered sales of ready units in Palace Residences over the last 12 months have a median of 3,031 AED/sqft, across 18 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Palace Residences risen or fallen?: Median price per square foot moved +6.7% over the last 12 months against the 12 before it, on 60 registered sales. On a sample this size, read the direction rather than the exact figure.
How does Palace Residences compare with Dubai Creek Harbour?: Its 5.07% gross yield sits -0.4 pts against the Dubai Creek Harbour median of 5.46%, computed at the same bedroom grain over the same 24-month window.

Palace Residences